EVTL vs INVZ: Correlation
How closely do Vertical Aerospace Ltd. (EVTL) and Innoviz Technologies Ltd. (INVZ) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTL and INVZ?
Across a 3-year window, the weekly returns of EVTL and INVZ correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 6226.3 %².
By 3-year correlation, INVZ places #6 of the 13 assets tracked against EVTL. Over the last 12 months INVZ came out ahead by 6.1 percentage points (-85.1% against -79.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EVTL vs INVZ: side by side
| EVTL (Vertical Aerospace Ltd.) | INVZ (Innoviz Technologies Ltd.) | |
|---|---|---|
| 1-year return | -85.1% | -79.0% |
| 5-year return | -99.2% | -95.3% |
| Volatility (ann.) | 135.6% | 103.4% |
| Beta vs S&P 500 | 3.07 | 2.69 |
| Max drawdown (3Y) | -95.9% | -88.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTL | INVZ |
|---|---|---|
| 2022 | -49.6% | -38.0% |
| 2023 | -79.7% | -35.6% |
| 2024 | +82.8% | -33.6% |
| 2025 | -57.6% | -49.2% |
| 2026 | -86.1% | -58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTL and INVZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVTL and INVZ?
As of 2026-08-27, the correlation of weekly returns between EVTL and INVZ is 0.44 over 3 years, 0.42 over 1 year and 0.31 over 5 years.
Is INVZ a good diversifier for EVTL?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evtl-vs-invz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evtl-vs-invz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVTL correlations · INVZ correlations
